Notable & Quotable

Updated Feb. 11, 2013 12:01 a.m. ET

From Charles Murray's essay, "The Coming Collapse of the BA Bubble," in the Winter 2013 issue of Cato's Letter:

The greatest merit of my ideal system is this: hardly any jobs will still have the BA as a requirement for a fair shot at being hired. Employers will rely more on direct evidence about what the job candidate knows, and less on where it was learned or how long it took. The demonstration of competency in...